The amount of success it takes for leaders to become overconfident isn't terribly large.

The average investor's return is significantly lower than market indices due primarily to market timing.

When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.

Most of the moments of our life - and I calculated, you know, the psychological present is said to be about three seconds long; that means that, you know, in a life there are about 600 million of them; in a month, there are about 600,000 - most of them don't leave a trace.

Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.

I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.

The conclusion is straightforward : self-control requires attention and effort.